Fibra MTY acquires property in Guanajuato for US$24.1 million

Fibra Mty announced to the investing public that it had successfully reached an agreement for the future sale and simultaneous lease-back of an industrial real estate property for a total amount of approximately US$24.1 million, plus value-added tax on the construction and other taxes, costs, and acquisition expenses.

The property’s strategic location within the Bajio manufacturing corridor strengthens Fibra Mty’s exposure to one of Mexico’s leading automotive production and export hubs.

Concurrent with the closing of the sale, Fibra Mty will enter into a dollar-denominated lease agreement with the seller, with an initial mandatory term of 10 years and annual rent increases linked to the CPI (Consumer Price Index). The lease will be an absolute triple-net (NNN) lease, and net operating income (NOI) for the first 12 months following the acquisition is estimated to amount to approximately US$2.1 million.

The Trustee reaffirms its commitment to continuing the growth of its investment property portfolio by prioritizing the increase in cash flow from CBFI and the consolidation of the quality of assets, tenants, and leases in the major industrial markets in our country.